Asia Pacific Group on Money Laundering (APGML), an arm of the Financial Action Task Force (FATF) has asked Pakistan to bring more transparency in its action against terror funding organisations.

Groups within the country have been protesting against the terror infrastructure in Pakistan (file photo)&nbsp | &nbspPhoto Credit:&nbspReuters

New Delhi: The Asia Pacific Group on Money Laundering (APGML), an arm of the Financial Action Task Force (FATF) has asked Pakistan government to intensify actions non-profit organisations which have been extending financial aid to non-state actors. The nine-member team which is on a 10-day visit to Pakistan has also asked Islamabad to bring more transparency in the action it has taken in proliferation matters.

The FATF team consisting of Ian Collins of Scotland Yard, James Prussing of US Treasury, Ashraf Abdullah of Financial International unit, Maldives and BW Hernawan of the Indonesian Finance Ministry started the evaluation process related to Pakistan. The evaluation is expected to end by October 19. The group will be examining the steps Islamabad has taken on the FATF recommendations.

Pakistan came under the APG scrutiny after it was greylisted for terror funding in June 2018. The APG is on a visit to Pakistan, six says before the scheduled FATF plenary meeting in Paris. The nine-member team questioned three Pakistani agencies- the Financial Monitoring Unit (FMU), Federal Investigation Agency (FIA) and Anti Narcotics Unit on the progress made on the 10-point action plan committed by Islamabad to FATF. According to a report in Economic Times, the team asked Pakistani officials on how effective the sanctions against 1267 of 1373 designated terrorists and agents were.

The visit tracks Pakistan's progress on the action plan, a 10-point road map Islamabad committed to FATF. Islamabad is supposed to comply with the plan by end of September 2019. The decision to put Pakistan on the grey list was backed by all the permanent members of the United Nations Security Council (UNSC) - which are also the members of the FATF. Pakistan's placement on the grey-list will mean that it will be difficult for Pakistan to seek lopans from international markets, which in turn, will further affect its already dwindling economy.

Bring more transparency in action against terror funding, FATF's fund monitoring team tells PakistanDescription:Asia Pacific Group on Money Laundering (APGML), an arm of the Financial Action Task Force (FATF) has asked Pakistan to bring more transparency in its action against terror funding organisations.Times Now